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From debt to freedom...

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Comments

  • savingholmes
    savingholmes Posts: 29,170 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    You could try the human rights argument... So sorry you are going through this
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £167.4K Equity 38% 3/4/26
    2) £2.5K Net savings after CCs 14/4/26 (but owed £1.1K) so £3.6K
    3) Mortgage neutral by 06/30 (AVC £38.5K + Lump Sums DB £4.6K + (25% of SIPP 1.3K) = 44.4K of £127.5K target 34.8% 17/4/26 (If took bigger lump sum = 66.4K or 52%)
    4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise) (If bigger lump sum £15.8/30K 52.67%)
    5) SIPP £5.3K updated 17/4/26
  • Parkyp
    Parkyp Posts: 883 Forumite
    Sixth Anniversary 500 Posts Name Dropper
    That’s good your solicitor is looking to get something in place.
    well done to young children 👏👏 for doing well at school. It was a special treat to reward them, nothing to feel guilty about. 
    Great news ds2 has got an apprenticeship, I agree teach them to save. 
    Is that your painting finished in the living room now? 
    Enjoy your weekend 
  • Great encouragement of DS2, wish my parents had had that chat with me earlier in life!

    Fish and chips on the beach sounds like a great treat, very jealous of your close proximity to the beach. Can't wait for a chance to move closer to the sea!
    Current mortgage (1 Jun 2022): £289,501 - originally £351,999 got to love London sized mortgages!
    OP Goal 2022 = 3.75% in OPs: £6,975 / £13,200
    Emergency Fund Target: 3 months saved ✅
     
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